Some eight million millennials lack the savings or investments to achieve their life ambitions, despite almost two-thirds having 'traditional' goals, research by Foreign & Colonial Investment Trust has indicated.
The UK's 18 to 35-year-olds hope to achieve ‘traditional' life goals within the next decade, with buying a property, getting married and having a family named the top ambitions for nearly two-thirds (64%). However, the Millennial Money Survey - a study of more than 4,000 UK adults aged 18 to 35, commissioned by Foreign & Colonial and BMO Global Asset Management, which manages the trust - found 7.8 million people risked missing out because they did not hold any long-term savings or investment products. The research went on to suggest as many as half (50%) may never realise their aspira...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
